Small caps round up: Churchill Mining, Synergy Health, Nautical Petroleum
26th Apr 2010 12:31
Shares in Churchill Mining ticked up after the Indonesian-focused coal miner said it had signed a memorandum of understanding for the supply of coal to a subsidiary of the Indonesian state electricity firm Perusahaan Listrik Negara (PLN). It will supply up to 5m tonnes a year, 'significantly incre
Read moreWednesday tips round-up: Severn Trent, De La Rue, Gulfsands
27th Jan 2010 06:56
Severn Trent's chief executive, Tony Wray, has now confirmed the water utility has no plans for a rights issue, although it is cutting the dividend by 10%. The Independent generally is bearish about the water sector, but Severn Trent, which trades at about 1.5 times next year's earnings and yield mo
Read morePorvair to beat cash generation targets
2nd Dec 2009 07:42
Filtration and environmental technologies group Porvair expects to exceed its cash generation expectations in the year to November 30 and achieve its sales and profit targets. Net debt is anticipated to be better than expectations and to have reduced by over £2m in the year to less than £14.5m, the
Read morePorvair sales stable since H2
13th Oct 2009 08:04
Filter company Porvair said sales levels have been stable since the second quarter following restructuring at its US operations. "The benefits of restructuring US operations and tight operational control have been apparent. The contribution from new products continues to grow, helping both sales an
Read moreBooker directors cash in
8th Jul 2009 16:52
A number of directors at Booker have sold millions worth of shares the same day as the cash and carry group said profits and net debt remain in line with expectations. Finance director Jonathan Prentis and operating director Bryn Satherley each made £2.63m, selling 7.5m shares at 35.00p. Commercia
Read morePorvair swings to interim loss
22nd Jun 2009 08:01
Industrial filter maker Porvair swung to a half-year loss, due mainly to redundancy costs in the US, but said it believes it will prosper when conditions improve. The loss before tax was £0.6m in the six month ended 31 May compared with a profit of £1.9m last time. Revenues were up 5% to £27m. The
Read morePorvair warns of interim loss
7th Apr 2009 08:32
Porvair lost more than a quarter of its value Tuesday after the industrial filter maker warned it is likely to report a first-half loss due mainly to redundancy costs in the US. Business was good in the UK and Europe during the four months ended 31 March, said the firm, but a deterioration in US tr
Read more